Vest Financial LLC Raises Position in Cincinnati Financial Corporation $CINF

Vest Financial LLC raised its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 472,308 shares of the insurance provider’s stock after buying an additional 4,173 shares during the period. Cincinnati Financial makes up approximately 1.0% of Vest Financial LLC’s portfolio, making the stock its 11th largest position. Vest Financial LLC’s holdings in Cincinnati Financial were worth $70,336,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. ORG Partners LLC lifted its position in Cincinnati Financial by 5.0% in the second quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider’s stock valued at $226,000 after acquiring an additional 72 shares during the last quarter. Spire Wealth Management lifted its position in Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 76 shares during the last quarter. 3Chopt Investment Partners LLC lifted its position in Cincinnati Financial by 5.7% in the second quarter. 3Chopt Investment Partners LLC now owns 1,641 shares of the insurance provider’s stock valued at $246,000 after acquiring an additional 89 shares during the last quarter. CWA Asset Management Group LLC increased its stake in Cincinnati Financial by 4.1% in the first quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider’s stock valued at $352,000 after purchasing an additional 94 shares during the period. Finally, Brass Tax Wealth Management Inc. increased its stake in Cincinnati Financial by 5.2% in the first quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider’s stock valued at $279,000 after purchasing an additional 94 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Roth Capital lifted their price objective on shares of Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.25.

Cincinnati Financial Trading Down 1.7%

Shares of Cincinnati Financial stock opened at $158.97 on Monday. Cincinnati Financial Corporation has a 52-week low of $123.01 and a 52-week high of $166.90. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The company’s 50-day simple moving average is $155.11 and its 200-day simple moving average is $148.06. The firm has a market cap of $24.86 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 7.77 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.58. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the business posted $1.29 earnings per share. The business’s revenue was up 15.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, September 22nd. Cincinnati Financial’s dividend payout ratio is 30.18%.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.